Clarification from Claudia Johnson on 5.31.17: Ok-I found out where this came from and…
2016 Election Results & Health and Welfare Benefits
In a few short months, Donald Trump will be sworn in as the next President of the United States on January 20, 2017. In addition, the Republican Party will hold the majority in the Senate and House of Representatives. While it is too early to tell how this will play out, the resulting political atmosphere is very conducive for the Trump Administration to begin implementing its health care policy objectives.
Representative Paul Ryan (R-Wis.), known as an individual who is experienced in policy, will likely remain the Speaker of the House. It is expected that the Republican House will work to pass legislation that follows the health care policies in Speaker Ryan’s “A Better Way” proposals.
It is important to note that right now, nothing has changed. However, employers should be aware of the main tenets of President-elect Trump’s proposals, as well as the policies outlined in Speaker Ryan’s white paper. These proposals are likely to have an impact on employer-sponsored health and welfare benefits. Repeal of the Patient Protection and Affordable Care Act (PPACA) and capping the employer-sponsored insurance (ESI) exclusion for individuals would have a significant effect on employer-sponsored group health plans.
Click Here to read more about the 2016 Election Results’ impact on health and welfare benefits.